Insurance cost difference between MY and MX

[acpd]

I am torn between MY and MX. Does someone has experience with insurance cost difference between the two?

 

[brkaus]

I am torn between MY and MX. Does someone has experience with insurance cost difference between the two?

Call your agent. It’s going to be highly variable.

 

[acpd]

Call your agent. It’s going to be highly variable.

Yes I will. But I have heard Tesla rates also very by each insurance company. I may have to switch. Trying to get a ballpark difference.

 

[jmaddr]

Yes I will. But I have heard Tesla rates also very by each insurance company. I may have to switch. Trying to get a ballpark difference.

This is really impossible as @brkaus mentioned. WAAAY too many variables (company/age/location/mileage/garaged/history/marriage status/employment status/autopayment/credit score/etc) to compare any single quote. You would need responses from 10s if not 100s of people in your similar circumstance to draw any sort of ballpark. Call your agent and two other companies aligning the coverage limits as much as possible.

 

[acpd]

This is what I got from my insurance.

MY: $935
MX: $1240

These are 6 months premium. So MX would cost $305 more every 6 months or $610 more per year than MY.

 

[mborkow]

This is what I got from my insurance.

MY: $935
MX: $1240

These are 6 months premium. So MX would cost $305 more every 6 months or $610 more per year than MY.

30% is pretty steep but is part of that because the X is brand new and the Y already has depreciated a few years? You should quote a new Y against a new X to get the true delta.

 

[acpd]

30% is pretty steep but is part of that because the X is brand new and the Y already has depreciated a few years? You should quote a new Y against a new X to get the true delta.

Both are for new. 2024 Y vs 2024 X.

 

[Alonzo]

Since a Model X might cost twice as much to replace as a Model Y, I would think 30% was pretty cheap difference.

 

[mborkow]

Since a Model X might cost twice as much to replace as a Model Y, I would think 30% was pretty cheap difference.

Vehicle replacement cost is certainly a piece of the actuarial puzzle…

 

[acpd]

I agree. 32.6% more for MX does make sense. Hopefully that will help for those are looking at both. It's rough estimate but % difference should be similar for most insurance.

 

[Watts_Up]

Maybe contact Out of Spec Dave.

Dave and his wife Cathy own a MX and a MY.

Dave owned so many EVs (Lucid...) that he could make a video about EV car's insurance topic.